WBJ reports that Toll Brothers has acquired Sursum Corda + 76 M St NW

Click on the link to read the entire Washington Business Journal article.

Sursum Corda Toll Brothers WBJ 2018 03 09

By  – Associate Editor, Washington Business Journal

Sursum Corda is now a Toll Brothers property.

An affiliate of Horsham, Pennsylvania-based Toll Brothers Apartment Living this week acquired the Northwest D.C. neighborhood from the Sursum Corda Cooperative Association for $60 million, in addition to the neighboring 76 M St. NW in a separate buy for $3.5 million.

The transactions set the stage for a multiphase, multiyear redevelopment of the 6.7-acre site generally bounded by M Street NW to the north, L Street to the south, First Street to the west and First Place to the east — a block west of North Capitol Street.

“Toll Brothers Apartment Living has acquired the Sursum Corda Cooperative,” the company said in a statement. “We are excited to work with the City and community on this project. The development allows us to expand our D.C. footprint and build connections between the dynamic Mount Vernon Triangle and NoMa neighborhoods. We look forward to sharing more information as it becomes available in the coming months.”

 


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